Nexans CSR Performance Recognised in 2022

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by KnowESG,

Nexans SA

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Throughout 2022, Nexans has been recognised for its performance in Corporate Sustainable Responsibility (CSR) and for tackling climate change, mainly thanks to its actions to reduce CO2 emissions, mitigate climate risks, and develop a low-carbon economy.

From developing products and services with minimal impact on the environment to adopting stricter environmental norms and ensuring compliance with the Code of Ethics and Business Conduct, Nexans has been reinforcing its commitment to Corporate Social Responsibility through significant, demonstrable actions and dedicated initiatives across the Group.

Nexans’ CSR performance is regularly assessed and recognised by its stakeholders, including non-financial rating agencies. Nexans is proud to have maintained its top ranking by the Carbon Disclosure Project (CDP) in 2022, confirming its A- rating for the second year in a row and the third time in the previous four years as one of the global leaders fighting climate change. The Group remains among the 11% of leading companies in the sector of electrical utilities.

The CDP is a non-profit organisation dedicated to studying the impact of the world's leading companies on climate change. CDP assesses companies each year on the completeness of their declaration, their level of awareness, and their management of environmental risks, as well as their demonstration of best practices associated with environmental leadership, such as the definition of ambitious and relevant objectives. CDP’s annual score is widely recognised as the global benchmark for corporate environmental transparency.

Olivier Chevreau, Nexans Vice President Sustainability, said: "Since 2018, Nexans has undertaken a profound transformation, positioning the energy transition at the heart of its strategy and focusing on sustainable electrification. Year after year, ESG ratings assess Nexans' commitment to implementing a more sustainable business model. These various ratings and their evolution are showing a strong recognition for Nexans."

Nexans is fully aware of its role in ensuring that electrification is done sustainably, and it plans to meet this goal, even at the operational level. This is why the Group has announced its commitment to contribute to worldwide carbon neutrality by 2030. So, Nexans has been following a clear plan, which includes reducing its greenhouse gas emissions by an average of 4.2% per year, especially in scopes 1 and 2 and part of scope 3 (which are related to business travel, waste production, and upstream and downstream transport, as defined by the GHG protocol).

On top of Nexans' commitments to reduce absolute scope 1 and 2 GHG emissions by 46.2% by 2030 from a 2019 base year, Nexans also commits to reducing absolute scope 3 emissions by 24% within the same timeframe through the Science-Based Targets initiative (SBTi). This reduction ensures that the Group carries out the work necessary to contribute to the objective set in the Paris agreements at COP21 (2015) to maintain the global warming trajectory at 1.5°C.

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Source: Nexans

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